Wednesday, January 30, 2019 10:26:37 AM
If you read the Fins, it is clear that Ballas is acquiring unnecessary debt to be paid off with convertible shares at a rate of .0001. He then pays the debt with the shares, they sell them to the MMs for a huge return (even now it's 300% return).
Consider all of the projects that were used to justify the loans, and the projects never went to completion.
Cryptobuy.com was a notable one, and the millions they spent on HLT website development, but there have been 4 or 5 over the last couple of years.
It should, and may, be a crime. It is definitely deceptive and it is costing investors (stock holders) literally millions.
Don't worry, they will find a new project soon to justify more loans and excite a new batch of victims.
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